In many ways, it is not a surprise that major pharmacies are getting involved in CBD. At the end of 2018, the Farm Bill made it legal for Americans to grow and sell industrial hemp. Since CBD can be extracted from hemp, it is easier than ever for suppliers to get hold of premium-grade cannabidiol. The CBD market itself could be worth as much as $22 billion within three years. CVS has joined other renowned health and beauty companies such as DSW, Free People, Authentic Brands Group, Neiman Marcus, and Sephora, all of whom have become involved in CBD.
Soon after CVS’ announcement, one of its main rivals, Walgreens, also stated its intention to sell CBD products in its stores. This is a sure sign that CBD has entered the mainstream, just a few years after it was dismissed as nothing more than a fad and a novelty item.
What CBD Brands Are CVS Selling?
Working in collaboration with chemists and naturopaths, Sagely Naturals began formulating broad-spectrum CBD-based products coupled with potent botanicals. All of Sagely Naturals’ products are derived from organically-grown, non-GMO hemp and contain less than 0.0025% THC. Each product is then quadruple-tested by a third-party laboratory to ensure the highest quality and purity standard.
Elevate CBD is one of the biggest beneficiaries of the news as the firm’s CBD-infused pain relief cream will be sold in over 1,500 CVS stores. The brand specializes in full-spectrum, lab-tested, and supposedly, ethically-sourced hemp products.
CVS Health Corporation is one of the world’s largest retail pharmacies and health care companies with over $180 billion in annual revenue. It was only a matter of time before the corporate giant got involved in CBD, and it now stocks CBD topicals in at least eight of its American stores.
For this reason, CVS will market the creams and salves as over-the-counter medicinal products, merchandised in a dedicated display.
Some experts believe the move by CVS to sell CBD over-the-counter may provide more questions than answers, at least initially.
“It’s a way to reduce the stigma for a product that really doesn’t deserve to be stigmatized,” said nutritionist and cannabis practitioner Brooke Alpert. “On the other hand, because of the lack of regulation it raises questions like: do people really know what they’re getting; can other brands get away with selling inferior products; and where can people find more information about these products?”
“Selling unapproved products with unsubstantiated therapeutic claims is not only a violation of the law, but also can put patients at risk, as these products have not been proven to be safe or effective,” FDA Commissioner Scott Gottlieb said in a statement in December.
CBD has been touted as a treatment for a wide range of conditions — including anxiety, pain, inflammation and even cancer — but little reliable research has been done on CBD’s effects on humans, experts say. The only FDA-approved CBD oil is Epidiolex, an oral solution prescribed for the treatment of seizures associated with two rare, severe forms of epilepsy.
CVS has at least 9,800 stores nationwide and will soon roll out the CBD products in over 800 stores in the eight states. The health care chain says that effectiveness claims will vary from product-to-product, but that the company does not plan to market any of the items as a ‘cure-all’ product.
To assure accurate labeling and safety for customers, CVS has partnered with Eurofins, a third party laboratory, to test all CBD topicals for THC, CBD content, and other contaminants, DeAngelis said in the statement to NBC News.
While legal dispensaries have been selling CBD products for a while now, Walgreens and CVS have both joined the CBD tribe just recently. After CBD was removed from the list of controlled substances, both started selling CBD products made from the industrial hemp plant that contains less than 0.3%THC.
Since the bill passed, dispensaries have been selling CBD products in several US states, and as a result of their increasing popularity, even drugstore chains like CVS and Walgreens wanted to get on board with selling CBD products.
In Which States Do Walgreens and CVS Have Stores That Sell CBD Oil Products?
Moreover, the benefits of cannabis have been spread to the wellness sector as people are taking dietary supplements made from the flowers of the industrial hemp plant that contain less than 0.3% THC. Both retailers and growers have used the Farm Bill as a way to expand their business into cannabis production, and as a result, new CBD products appear on the market every day.
Sagely Naturals offers a few topical CBD creams in select CVS stores. Their Relief & Recovery CBD cream comes in a 2-oz bottle for $19.99, and a 4-oz bottle for $35.99. The Calm & Centered topical cream contains plant-based ingredients like chamomile, lavender, bergamot, and broad-spectrum CBD, and goes for $35.99 for a 4-oz bottle. Sagely Naturals’ final product is the Relief & Recovery CBD Spray that’s sold both online and at CVS stores in a 2-oz bottle that is priced at $27.99.
If this is your first time searching for CBD oil at CVS, we’ve got your back. No matter if you’re trying to manage chronic pain or other medical conditions, CVS has become a retailer for CBD products in select states across the US, and you might find what you need there.